First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Short Interest Up 534.8% in May

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 251,629 shares, an increase of 534.8% from the April 30th total of 39,636 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 138,043 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FDT. Cullen Frost Bankers Inc. purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth approximately $26,000. JPMorgan Chase & Co. lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% during the second quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock worth $40,000 after purchasing an additional 458 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 223.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 591 shares of the company’s stock worth $47,000 after purchasing an additional 408 shares during the last quarter. Topsail Wealth Management LLC purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth approximately $54,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter worth approximately $64,000.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 0.4%

FDT stock traded up $0.37 during trading on Thursday, hitting $99.78. 17,763 shares of the company’s stock were exchanged, compared to its average volume of 130,313. The business has a 50-day moving average price of $92.72 and a two-hundred day moving average price of $87.37. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 9.95 and a beta of 0.85. First Trust Developed Markets ex-US AlphaDEX Fund has a 52-week low of $65.06 and a 52-week high of $100.93.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.3264 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.31 annualized dividend and a yield of 1.3%.

First Trust Developed Markets ex-US AlphaDEX Fund Company Profile

The First Trust Developed Markets Ex-US AlphaDEX Fund (FDT) is an exchange-traded fund that is based on the NASDAQ AlphaDEX DM Ex-US index. The fund tracks an index of international, developed-market stocks, selected by growth and value factors and equal-weighted in tiers. FDT was launched on Apr 18, 2011 and is managed by First Trust.